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Highlights

  • Evolution Mining commences commissioning of the expanded Mungari mill
  • The Mungari mill capacity increases from 2 million to 4.2 million tonnes per annum
  • Project delivered 9 months ahead of schedule and 9% under budget

Evolution Mining Limited (ASX: EVN) has started the commissioning of its expanded Mungari mill, a significant milestone in the company’s growth. The project, which enhances the mill's capacity from 2 million tonnes per annum to 4.2 million tonnes per annum, was completed nine months ahead of the original timeline. Additionally, the final cost of the project is estimated at $228 million, 9% below the initial budget of $250 million.

The completion of this expansion is a critical step in the long-term development of the Mungari mine, located in the Goldfields region of Western Australia. The increased capacity supports a projected annual production rate of approximately 200,000 ounces, marking a 50% increase over the current rate of around 135,000 ounces. This production boost ensures the Mungari operation’s continued contribution to Evolution Mining’s overall output.

The successful commissioning of the mill secures the future of the Mungari operation, extending its mine life to at least 2038. The project’s completion is seen as an important achievement, reflecting the project team's efficiency and adherence to safety standards. The transition from the construction to the operational phase also highlights the company's ability to manage large-scale projects effectively.

With the expansion now underway, the Mungari mill is expected to become a significant cash contributor for Evolution Mining in the coming years. Onsite celebrations are being held to mark the successful completion of the project and the transition into the next phase of operations. Evolution Mining’s CEO, Lawrie Conway, expressed pride in the team's efforts, thanking contractors and local stakeholders for their collaboration.

As commissioning continues through the June quarter, the focus will be on ramping up operations to the new production levels.